Field & Main Bank Cuts Position in Cintas Corporation $CTAS

Field & Main Bank lessened its position in shares of Cintas Corporation (NASDAQ:CTAS) by 28.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260 shares of the business services provider’s stock after selling 103 shares during the quarter. Field & Main Bank’s holdings in Cintas were worth $58,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crestwood Advisors Group LLC purchased a new position in shares of Cintas in the 1st quarter worth approximately $270,000. Pinnacle Financial Partners Inc boosted its holdings in Cintas by 3.8% during the 1st quarter. Pinnacle Financial Partners Inc now owns 60,099 shares of the business services provider’s stock valued at $12,327,000 after acquiring an additional 2,191 shares during the period. China Universal Asset Management Co. Ltd. boosted its holdings in Cintas by 51.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 9,967 shares of the business services provider’s stock valued at $2,049,000 after acquiring an additional 3,404 shares during the period. BNP Paribas Financial Markets boosted its holdings in Cintas by 25.5% during the 1st quarter. BNP Paribas Financial Markets now owns 791,197 shares of the business services provider’s stock valued at $162,615,000 after acquiring an additional 160,820 shares during the period. Finally, Merit Financial Group LLC boosted its holdings in Cintas by 11.2% during the 2nd quarter. Merit Financial Group LLC now owns 14,472 shares of the business services provider’s stock valued at $3,225,000 after acquiring an additional 1,459 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Trading Down 3.2%

CTAS opened at $183.90 on Thursday. The firm has a market cap of $73.90 billion, a price-to-earnings ratio of 41.70, a PEG ratio of 3.28 and a beta of 1.01. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24. The stock has a fifty day moving average price of $200.02 and a 200-day moving average price of $212.14.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.19 by $0.01. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, equities research analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, November 14th. Cintas’s payout ratio is presently 40.82%.

Cintas announced that its board has authorized a stock buyback plan on Tuesday, October 28th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to reacquire up to 1.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wells Fargo & Company dropped their price objective on Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Morgan Stanley increased their price target on Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. cut their price target on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Citigroup raised their price target on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research note on Friday, September 26th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cintas in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $222.09.

About Cintas

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.